From mmccreary at ogslp.org Thu Jan 14 13:47:51 2010 From: mmccreary at ogslp.org (McCreary, Matt) Date: Thu, 14 Jan 2010 13:47:51 -0600 Subject: [Lender] Special Allowance Rates for the Quarter Ending December 31, 2009 Message-ID: The Department of Education (ED) has released the special allowance rates for the quarter ending December 31, 2009. Due to changing market conditions, for the period ending December 31, 2009 ED is reverting to the previous method of determining the average of the bond equivalent rates of the quotes of the 3-month commercial paper (financial) rates. For days when a rate is unavailable, ED has used the previous available rate. Therefore, for the quarter ending December 31, 2009, the average rate used to compute special allowance will be 0.21 percent. Pursuant to the Master Participation Agreement(s) under ED's loan participation purchase program for 2008-2009 loans, the 0.41 percent rate is also used to determine the Participant Yield (i.e., yield owed to ED). The calculated Participation Yield rate is available in an Ensuring Continued Access to Student Loans (ECASLA) announcement . For some loans, the special allowance rate is calculated by using the average of the bond equivalent rates of the 91-day Treasury bills as published by the Department of the Treasury. For the quarter ending December 31, 2009, the average of the rates is 0.07 percent. Click here to view ED's announcement regarding the new rates. If you have questions, please contact OGSLP's Policy, Compliance and Training department at 405.234.4432, 800.247.0420 (toll free) or pct at ogslp.org . We're here to help! Matt McCreary Policy Analyst Oklahoma Guaranteed Student Loan Program a division of the Oklahoma State Regents for Higher Education 405-234-4296 - phone 405-234-4549 - facsimile mmccreary at ogslp.org - e-mail Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law including, but not limited to, the Privacy Act of 1974. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately delete this communication from your system. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20100114/5aea9990/attachment.html From redington at ogslp.org Thu Jan 28 07:38:31 2010 From: redington at ogslp.org (Edington, Rick) Date: Thu, 28 Jan 2010 07:38:31 -0600 Subject: [Lender] OGSLP Offices Closed (Thursday 1/28) Message-ID: <297AF473E6053445A2007FAB9E8BCACF81A65E@elgar.lan.ogslp.org> Due to inclement weather, the Governor has closed all state offices. Therefore, OGSLP offices will be closed today (Thursday- 1/28). Stay safe and warm! Rick Edington Interim Executive Director From acaddell at ogslp.org Fri Jan 29 08:18:25 2010 From: acaddell at ogslp.org (Caddell, Angela) Date: Fri, 29 Jan 2010 08:18:25 -0600 Subject: [Lender] OGSLP Offices Closed Today (Friday, January 29) References: <297AF473E6053445A2007FAB9E8BCACF81A65D@elgar.lan.ogslp.org> <297AF473E6053445A2007FAB9E8BCACF4B7D9A@elgar.lan.ogslp.org> Message-ID: <297AF473E6053445A2007FAB9E8BCACF4B7D9B@elgar.lan.ogslp.org> Due to continued inclement weather, the Governor has closed all state offices. OGSLP will be closed today. Have a safe, warm weekend! Angela Caddell Director for Communications, Financial Education & Outreach